EURUSD More selling pressure until it bottoms

EURUSD rebounded on the 4H MA50 (blue trend-line) since our March 24 analysis, but hasn't reached the 1.10300 Target yet:


What emerged since then is a Channel Up and the current break below the 4H MA50 is significant enough to push it as low as Support 1 (1.07870) and the bottom of the Channel Up. The RSI hit its Lower Lows trend-line though and based on the previous hits, it always pushes the price higher. If you hadn't already bought the low on our March 24 buy call, you may now make a split buy entry (half size lot) now and on the bottom of the Channel Up. Our target is unchanged at 1.10300.


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